ALMAR - Diamonds of the Arctic has not abandoned its plans to go public. The company has registered with the Bank of Russia an additional issue of 21,805 common shares, which amounts to 15% of the capital. The placement is scheduled to take place on SPB Exchange in the summer of 2022. The company expects to raise about ₽700 million to complete the exploration of two placer diamond deposits for open-pit mining. From 2024, the company intends to produce more than 1 million carats of diamonds per year from the deposits.